DHFL Refutes Cobrapost’s Allegations Of Rs 31,000-Crore Fraud

DHFL said the allegations are based on a complaint filed by Vikas Shekhar, who is neither its shareholder nor the borrower.

Laborers are silhouetted as they work at a construction site. (Photographer: Dhiraj Singh/Bloomberg)

Dewan Housing Finance Corporation Ltd. refuted media portal Cobrapost’s allegation of “siphoning off” loans and termed it as a “mischievous misadventure”.

Also Read: A Bond Sale That Eroded Rs 8,158 Crore From DHFL’s Market Value In A Day

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